ShapeShift Raises $1.6 Million in Funding



Altcoin exchange ShapeShift has just raised $1.6 million dollars in funding from the Digital Currency Group, Roger Ver, Bitfinex, Bitcoin Capital, Mandal Investments, Bruce Fenton, Trevor Koverko and Michael Terpin amongst others.

When asked about the funding, ShapeShift CEO Erik Vorhees told CoinDesk the following:

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“It took a little coaxing as many Bitcoiner-investors aren’t sold on the concept of other cryptocurrencies. Key to our raise, however, was the ability to demonstrate that tomorrow will be full of digital assets, of all different kinds, and such a future demands a frictionless exchange engine.”

During March of this year the company raised yet another $525,000 from Barry Silver and, once again, Roger Ver. The funds raised

Read more ... source: TheBitcoinNews